COE to come off AIM following deal

VIDEO surveillance company COE is expected to cease trading on the Alternative Investment Market no earlier than September 21 following its £3.3m takeover by Digital Barriers.

Security firm Digital Barriers believes buying COE will help it develop its mid-market security and surveillance business.

Digital Barriers made the offer to buy COE on July 30 and today said the offer was unconditional.
 
The company said it had received acceptances for almost 93% of COE’s shares and is to compulsory acquire the remaining shares.

COE was established in 1989 and has developed a product range aimed at integrating video surveillance across different networks.